Examlex
You should use debit cards because they are directly linked to your bank account and, therefore, you cannot overspend.
Efficient Allocation
The process where resources are distributed in a manner that maximizes the net benefits attained through their use.
Socialist Economy
An economic system where the production, distribution, and exchange of goods and services are controlled by the government with the aim of reducing inequality.
Public Ownership
The ownership of assets by the government or public entities rather than by private individuals or companies.
Productive Resources
The factors required for the production of goods and services, usually classified into land, labor, capital, and entrepreneurship.
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